According to The New York Times, New York City’s first dispensary, Columbia Care, will open in January 2016. Columbia Care was one of five New York companies to be awarded a medical marijuana license.
Other New York dispensary owners are planning for their grand openings throughout the city.
43 entrepreneurs across the U.S. filed applications to be awarded one of the five licenses. Those fortunate enough to be awarded a New York State marijuana license will be allowed to operate one cultivation center and four dispensaries within New York.
Columbia Care said they would invest “double-digit millions” in their business and that “just like any other pharmaceutical product, there has to be consistency.”